38 Studios' Sell-Off So Far Amounts to an $830,000 Drop in the Bucket

This auctioning of assets belonging to 38 Studios, the makers of Kingdoms of Amalur: Reckoning, brought in a combined $830,000, reports Joystiq. Sounds … good? Well, according to the Associated Press, that will barely dent the $100 million taxpayers may eat in Rhode Island, which guaranteed the loan for which someone gave themselves this award (courtesy of ex-38er Rich Gallup)

Now, that was for physical assets sold off this week (and last week at 38-owned Big Huge Games in Maryland). The court-appointed official also told Joystiq that the sale of the studio’s intellectual property, which includes works in progress such as a grandiose, free-to-play Kingdoms of Amalur MMO, will be sold off over the next three to six months. What that brings in, who knows, but Rhode Island is almost certainly looking at a loss here.

38 Studios auction in Rhode Island earned around $650,000 [Joystiq]

Originally written and published by Owen Good at Kotaku. Click here to read the original story.